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Which of the following describes the principle that you are entitled to payment from the insurance company if a loss has been sufferred and that
Which of the following describes the principle that you are entitled to payment from the insurance company if a loss has been sufferred and that payment should not be greater than the economic value of the loss?
1. | subrogation | |
2. | co-insurance | |
3. | limited liability | |
4. | indemnity | |
5. | none of the above |
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